Oma Savings Bank Raises EUR 30 Million with New Bond Issue
Oma Savings Bank Unveils New EUR 30 Million Senior-Term Bond
Oma Savings Bank Plc, a leader in Finnish banking, has announced the successful issuance of an unsecured senior-term bond valued at EUR 30 million as part of its extensive bond program. This initiative signifies the bank's commitment to strengthening its capital structure and expanding its financial services.
Details of the Bond Issuance
The bond, which is set to mature on 30 September 2027, will operate under a floating interest rate. The International Securities Identification Number (ISIN) for this bond is FI4000581434. This issuance falls under the broader umbrella of OmaSp's impressive EUR 3,000,000,000 bond program, reflecting the bank's robust financial strategy.
Regulatory Approvals and Trading Plans
Before this bond issuance, the Finnish Financial Supervisory Authority (FIN-FSA) granted approval for Oma Savings Bank's base prospectus, with key supplements made available to investors. These supplementary documents and the final terms can be found on the bank's website.
Plans for Public Trading
OmaSp intends to apply for admission of this covered bond to public trading on the Nasdaq Helsinki Ltd stock exchange. This move is expected to further enhance the bank’s visibility in the financial markets and provide additional liquidity.
Joint Lead Managers and Legal Advisors
The issuance is being managed by Danske Bank A/S and Landesbank Baden-Württemberg (LBBW), both of which play crucial roles in guiding the bond throughout the issuance process. Legal insights are provided by Borenius Attorneys Ltd, ensuring compliance and smooth operations.
About Oma Savings Bank Plc
Oma Savings Bank Plc, often referred to as OmaSp, serves over 200,000 customers, comprising both private individuals and corporate clients. With a dedicated workforce of around 500 professionals, OmaSp operates 45 branches across Finland alongside comprehensive digital service channels. The bank aims to deliver a broad spectrum of banking services, including retail banking, credit products, investment services, and insurance solutions.
Customer-Centric Approach
Central to OmaSp's philosophy is the commitment to providing personalized service. The bank aims to be approachable and accessible, catering to the needs of its customers through both digital platforms and traditional banking channels. Enhanced customer experiences are at the forefront of the bank's operations, driven by a desire to deliver premium level services.
Staff Development and Engagement
OmaSp places considerable emphasis on the professional growth of its employees. The bank offers a variety of career development opportunities and emphasizes continuous learning within its operations. Notably, a significant proportion of OmaSp's staff own shares in the bank, reflecting their commitment and investment in the institution's success.
Contact Information
For further inquiries, you may reach out to Sarianna Liiri, CEO of Oma Savings Bank Plc, at +358 40 835 6712 or via email.
Frequently Asked Questions
What is the value of the bond issued by Oma Savings Bank?
The value of the bond issued is EUR 30 million.
What is the maturity date of the newly issued bond?
The bond is set to mature on 30 September 2027.
Who are the Joint Lead Managers for this bond issuance?
The Joint Lead Managers for the bond issuance are Danske Bank A/S and Landesbank Baden-Württemberg (LBBW).
What types of services does OmaSp provide?
OmaSp offers a range of services, including retail banking, credit, investment products, and mortgage banking.
How does OmaSp support employee development?
OmaSp provides various career growth opportunities and emphasizes continuous professional development for its staff.
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